March 15, 2012

S&P 500 Analysis after closing bell

  • SPX Weekly shown with 20 and 50 Week SMA bullish crossover which is doing well so far for the bulls. Weekly candle sustaining above 1370 will help bulls to extend gains.
  • Daily chart shows a pause candle near resistance levels. Sideways move may continue before the next breakout. Hour chart also shows price in a bullish flag kind of pattern moving towards 20 Hour SMA.
  • SILVER CHART ANALYSIS

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